1. Financial services and small loans provided to individuals and small businesses in developing countries who lack access to traditional banking.
Usage: Uncountable noun; Often used in development and economics contexts

Examples

• Microfinance programs help entrepreneurs in rural areas start small businesses without collateral.
• The organization provides microfinance services to women in low-income communities.
• Microfinance institutions offer savings accounts and insurance products alongside loans.
• Many developing nations have expanded microfinance to reduce poverty and promote economic growth.
• She received a microfinance loan to purchase equipment for her tailoring business.
• Microfinance has become an important tool for financial inclusion in emerging markets.